DEPARTMENT OF ECONOMICS

DELHI SCHOOL OF ECONOMICS

UNIVERSITY OF DELHI

Minutes of Meeting

Subject : B.A. (Hons.) Economics Fifth Semester (2012 Syllabus)

Course : 15 Indian Economic Development since 1947-II
Date of Meeting : Friday 1st August, 2014, 2.30 P.M.
Venue : Department of Economics, Delhi School of Economics
University of Delhi, Delhi 110 007
Chair : Prof. Aditya Bhattacharjea/Prof. J.V. Meenakshi

Attended by:

1 Dr. Richa Gupta Kalindi College

2 Dipavali Debroy SGGSCC
3 Pankaj Kumar Soni PGDAV College
4 Sanjay Kumar Dyal Singh College(M)
5 Abhishek Singh St. Stephens
6 Kartikeya Kohli Aryabhatta College
7 Dr. Bharat singh Satyawati College(E)
8 Urvashi Sirohi JDM
9 Gurdeep Kaur Shivaji College
10 Meera Malhan DCAC
11 Dr. Shruti LBC
12 Divya Misra LSR
13 D.K.Das Ramjas
14 Ritu Khanna Daulat Ram College
15 Bhupinder Kaur Miranda House
16 Swarup Santra Satyawati College(Day)
17 Vibha Aggarwal IP College
18 Rakesh Ranjan SRCC

Notes:

1. The following modifications to the 2013 reading list were agreed upon in the
meeting held on 1st August and subsequent discussion on the google group
(bharat-arthashstra@googlegroups.com).

2. In Unit 1:
a. R. Nagaraj, 2013, Indias Dream Run, 2003-08, EPW May 18.has
been deleted.
b. Pulapre Balakrishnan, 2014, The Great Reversal A Macro Story
EPW May 24 has been added.
c. Manoj Panda, 2012, Macroeconomic Overview: The Growth Story,
in Mahendra Dev (ed), India Development Report 2012-13 is no longer
a starred reading it is now part of regular reading for students.
 3. Unit 2.

a. Pulapre Balakrishnan, Ramesh Golait and Pankaj Kumar, 2008,

Agricultural Growth in India Since 1991, RBI DEAP Study no. 27
has been deleted.
b. Pages have been specified for - Mahendra Dev, 2012, Agricultural
Development, in K. Basu and A. Maertens (eds), 2012, New Oxford
Companion to Economics in India (referred to as NOC hereafter).
c. Mahendra Dev and Vijay Lakshmi Pandey, Performance and Key
Policy Issues of Indian Agriculture, in Mahendra Dev (ed), India
Development Report 2012-13,is now unstarred and pages have been
specified.
d. Bipin K Deokar, S L Shetty, 2014, Growth in Indian Agriculture:
Responding to Policy Initiatives since 2004-05 EPW, June 28, has
been added.

4. Unit 3
a. R. Nagaraj, 2011, Industrial Performance, 2001-2008, in Nachane
(ed), India Development Report 2011 is no longer a starred reading it is
part of regular reading for students.

5. Unit 4
e. No change

Topic-wise revised reading list for 2014

1. Macroeconomic Policies and Their Impact
Fiscal Policy; trade and investment policy; financial and monetary policies; labour
regulation.

1. Shankar Acharya, 2010, Macroeconomic Performance and Policies 2000-8,

in Shankar Acharya and Rakesh Mohan, editors, Indias Economy:
Performances and Challenges: Development and Participation, Oxford
University Press.
2. Rakesh Mohan, 2010, Indias Financial Sector and Monetary Policy
Reforms, in Shankar Acharya and Rakesh Mohan, editors, Indias Economy:
Performances and Challenges: Development and Participation, Oxford
University Press.
3. Manoj Panda, 2012, Macroeconomic Overview: The Growth Story, in
Mahendra Dev (ed), India Development Report 2012-13.
4. Pulapre Balakrishnan, 2014, The Great Reversal A Macro Story EPW May
24.
5. K Kanagasabapathy, Vishakha G Tilak, and R Krishnaswamy, 2013, A
Rethink on Indias Foreign Trade Policy, EPW August 3,
http://www.epw.in/economic-notes/rethink-indias-foreign-trade-policy.html.
6. A. Ahsan, C. Pages and T. Roy, 2008, Legislation, Enforcement and
Adjudication in Indian Labour Markets: Origins, Consequences and the Way
Forward, in D. Mazumdar and S. Sarkar, editors, Globalization, labour
Markets and Inequality in India, Routledge. (A brief review of the debate over
 the consequences of labour regulation in India appeared in The Economist, 5
August 2010, accessible at: http://www.economist.com/node/16743035)

2. Policies and Performance in Agriculture

Growth; productivity; agrarian structure and technology; capital formation; trade;
pricing and procurement.

1. Mahendra Dev, 2012, Agricultural Development, in K. Basu and A.

Maertens (eds), 2012, New Oxford Companion to Economics in India (referred
to as NOC hereafter). pp. 12-14
2. Mahendra Dev and Vijay Lakshmi Pandey, Performance and Key Policy
Issues of Indian Agriculture, in Mahendra Dev (ed), India Development
Report 2012-13, pp. 85-94.
3. Bipin K Deokar, S L Shetty, 2014, Growth in Indian Agriculture: Responding
to Policy Initiatives Since 2004-05 EPW, June 28.
4. Chandrasekhar Rao and Mahendra Dev, 2010, Agricultural Price Policy,
Farm Profitability and Food Security, EPW June 26.

3. Policies and Performance in Industry

Growth; productivity; diversification; small scale industries; public sector;
competition policy; foreign investment.

1. R. Nagaraj, 2012, Industrial Growth, in NOC.

2. R. Nagaraj, 2011, Industrial Performance, 2001-2008, in Nachane (ed),
India Development Report 2011
3. Pulin Nayak, 2012, Privatization, in NOC
4. Aditya Bhattacharjea, 2010, Of Omissions and Commissions: Indias
Competition Laws, Economic and Political Weekly, 28 August, sections 1
and 3 only. Full text available at:
http://www.epw.in/epw/uploads/articles/15116.pdf. (Briefer account in A.
Bhattacharjea, 2012,Antitrust Law, in NOC.)
5. Kunal Sen, 2010, Trade, Foreign Direct Investment and Industrial
Transformation in India, in Premachandra Athukorala (ed), The Rise of Asia,
Routledge.
6. Dipak Mazumdar and Sandeep Sarkar, 2009, The Employment Problem in
India and the Phenomenon of the Missing Middle, Indian Journal of Labour
Economics.

4. Trends and Performance in Services

1. Rupa Chanda, 2012, Services Led Growth, in NOC.

Notes on readings:
1. Readings from EPW should be accessed from the journals website rather than the
printed version, as the on-line version often has corrections.
2. The Overview chapter from the Economic Survey 2013-14 should be used as a
background reading for all topics.
Examination Pattern:
It was agreed that students would be required to answer any 5 out of 8 questions.
Distribution of questions should be roughly proportional to the amount of reading
material under each topic.

Note: Those teachers (teaching IED I and IED II in Delhi University) who wish to
join the google group: bharat-arthashastra@googlegroups.com may send an email to
kartikeya2006@gmail.com